{
  "url": "https://openlegislation.uk/eu-regulation-2017-653",
  "json_url": "https://openlegislation.uk/eu-regulation-2017-653.json",
  "id": "eur/2017/653",
  "title": "Commission Delegated Regulation (EU) 2017/653 of 8 March 2017 supplementing Regulation (EU) No 1286/2014 of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products (PRIIPs) by laying down regulatory technical standards with regard to the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents (Text with EEA relevance) (revoked)",
  "short_title": "Regulation (EU) 2017/653 supplementing Regulation (EU) No 1286/2014 of the European Parliament and of the…",
  "long_title": "Commission Delegated Regulation (EU) 2017/653 of 8 March 2017 supplementing Regulation (EU) No 1286/2014 of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products (PRIIPs) by laying down regulatory technical standards with regard to the presentation, content, review and revision of key information documents and the conditions for fulfilling the requirement to provide such documents (Text with EEA relevance)",
  "citation": "EU Regulation 2017/653",
  "type": "eur",
  "year": "2017",
  "number": "653",
  "version": "current",
  "date": "2017-03-08",
  "revised": false,
  "valid_from": null,
  "extent": "E+W+S+N.I.",
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/introduction",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "chapter/I",
      "kind": "chapter",
      "number": "I",
      "heading": "CONTENT AND PRESENTATION OF THE KEY INFORMATION DOCUMENT",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "article/1",
      "kind": "article",
      "number": "1",
      "heading": "General information section",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/I"
    },
    {
      "path": "article/2",
      "kind": "article",
      "number": "2",
      "heading": "‘What is this product?’ section",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/I"
    },
    {
      "path": "article/3",
      "kind": "article",
      "number": "3",
      "heading": "‘What are the risks and what could I get in return?’ section",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-3",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/I"
    },
    {
      "path": "article/4",
      "kind": "article",
      "number": "4",
      "heading": "‘What happens if [the name of the PRIIP manufacturer] is unable to pay out?’ section",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-4",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/I"
    },
    {
      "path": "article/5",
      "kind": "article",
      "number": "5",
      "heading": "‘What are the costs?’ section",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-5",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/I"
    },
    {
      "path": "article/6",
      "kind": "article",
      "number": "6",
      "heading": "‘How long should I hold it and can I take my money out early?’ section",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-6",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/I"
    },
    {
      "path": "article/7",
      "kind": "article",
      "number": "7",
      "heading": "‘How can I complain?’ section",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-7",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/I"
    },
    {
      "path": "article/8",
      "kind": "article",
      "number": "8",
      "heading": "‘Other relevant information’ section",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-8",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/I"
    },
    {
      "path": "article/9",
      "kind": "article",
      "number": "9",
      "heading": "Template",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-9",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/I"
    },
    {
      "path": "chapter/II",
      "kind": "chapter",
      "number": "II",
      "heading": "SPECIFIC PROVISIONS ON THE KEY INFORMATION DOCUMENT",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "article/10",
      "kind": "article",
      "number": "10",
      "heading": "PRIIPs offering a range of options for investment",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-10",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II"
    },
    {
      "path": "article/11",
      "kind": "article",
      "number": "11",
      "heading": "‘What is this product’ section in the generic key information document",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-11",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II"
    },
    {
      "path": "article/12",
      "kind": "article",
      "number": "12",
      "heading": "‘What are the risks and what could I get in return?’ section in the generic key information document",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-12",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II"
    },
    {
      "path": "article/13",
      "kind": "article",
      "number": "13",
      "heading": "‘What are the costs?’ section in the generic key information document",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-13",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II"
    },
    {
      "path": "article/14",
      "kind": "article",
      "number": "14",
      "heading": "Specific information on each underlying investment option",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-14",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/II"
    },
    {
      "path": "chapter/III",
      "kind": "chapter",
      "number": "III",
      "heading": "REVIEW AND REVISION OF THE KEY INFORMATION DOCUMENT",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "article/15",
      "kind": "article",
      "number": "15",
      "heading": "Review",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-15",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/III"
    },
    {
      "path": "article/16",
      "kind": "article",
      "number": "16",
      "heading": "Revision",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-16",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/III"
    },
    {
      "path": "chapter/IV",
      "kind": "chapter",
      "number": "IV",
      "heading": "DELIVERY OF THE KEY INFORMATION DOCUMENT",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "article/17",
      "kind": "article",
      "number": "17",
      "heading": "Conditions on good time",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-17",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/IV"
    },
    {
      "path": "article/18",
      "kind": "article",
      "number": "18",
      "heading": "Final Provision",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/article-18",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "chapter/IV"
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/signature",
      "extent": "E+W+S+N.I.",
      "status": null,
      "parent": null
    },
    {
      "path": "annex/I",
      "kind": "annex",
      "number": "I",
      "heading": "TEMPLATE FOR THE KEY INFORMATION DOCUMENT",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-I",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "annex/II",
      "kind": "annex",
      "number": "II",
      "heading": "METHODOLOGY FOR THE PRESENTATION OF RISK",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "annex/II/part/1",
      "kind": "division",
      "number": "PART 1",
      "heading": "Market risk assessment",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II"
    },
    {
      "path": "annex/II/part/1/division/1",
      "kind": "division",
      "number": null,
      "heading": "Determination of the market risk measure (MRM)",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1"
    },
    {
      "path": "annex/II/part/1/division/1/division/1",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-1/division-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/1"
    },
    {
      "path": "annex/II/part/1/division/1/division/2",
      "kind": "division",
      "number": "2",
      "heading": "The PRIIP shall be assigned a MRM class according to the following table:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-1/division-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/1"
    },
    {
      "path": "annex/II/part/1/division/2",
      "kind": "division",
      "number": null,
      "heading": "Specification of PRIIP categories for the purposes of the market risk assessment",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1"
    },
    {
      "path": "annex/II/part/1/division/2/division/3",
      "kind": "division",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-2/division-3",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/2"
    },
    {
      "path": "annex/II/part/1/division/2/division/4",
      "kind": "division",
      "number": "4",
      "heading": "Category 1 covers the following:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-2/division-4",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/2"
    },
    {
      "path": "annex/II/part/1/division/2/division/5",
      "kind": "division",
      "number": "5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-2/division-5",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/2"
    },
    {
      "path": "annex/II/part/1/division/2/division/6",
      "kind": "division",
      "number": "6",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-2/division-6",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/2"
    },
    {
      "path": "annex/II/part/1/division/2/division/7",
      "kind": "division",
      "number": "7",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-2/division-7",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/2"
    },
    {
      "path": "annex/II/part/1/division/3",
      "kind": "division",
      "number": null,
      "heading": "Use of appropriate benchmarks or proxies to specify PRIIPs categories",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-3",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1"
    },
    {
      "path": "annex/II/part/1/division/4",
      "kind": "division",
      "number": null,
      "heading": "MRM class determination for Category 1 PRIIPs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1"
    },
    {
      "path": "annex/II/part/1/division/4/division/8",
      "kind": "division",
      "number": "8",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-4/division-8",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/4"
    },
    {
      "path": "annex/II/part/1/division/5",
      "kind": "division",
      "number": null,
      "heading": "MRM class determination for Category 2 PRIIPs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1"
    },
    {
      "path": "annex/II/part/1/division/5/division/9",
      "kind": "division",
      "number": "9",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-5/division-9",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/5"
    },
    {
      "path": "annex/II/part/1/division/5/division/10",
      "kind": "division",
      "number": "10",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-5/division-10",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/5"
    },
    {
      "path": "annex/II/part/1/division/5/division/11",
      "kind": "division",
      "number": "11",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-5/division-11",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/5"
    },
    {
      "path": "annex/II/part/1/division/5/division/12",
      "kind": "division",
      "number": "12",
      "heading": "The VaR measure in return space is given by the Cornish-Fisher expansion, as follows:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-5/division-12",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/5"
    },
    {
      "path": "annex/II/part/1/division/5/division/13",
      "kind": "division",
      "number": "13",
      "heading": "The VEV is given by:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-5/division-13",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/5"
    },
    {
      "path": "annex/II/part/1/division/5/division/14",
      "kind": "division",
      "number": "14",
      "heading": "For PRIIPs that are managed according to investment policies or strategies that pursue certain reward objectives by participating through flexible investment in different financial asset classes (e.g. in both equity and fixed-income markets), the VEV that shall be used shall be determined as follows:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-5/division-14",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/5"
    },
    {
      "path": "annex/II/part/1/division/5/division/15",
      "kind": "division",
      "number": "15",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-5/division-15",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/5"
    },
    {
      "path": "annex/II/part/1/division/6",
      "kind": "division",
      "number": null,
      "heading": "MRM class determination for Category 3 PRIIPs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1"
    },
    {
      "path": "annex/II/part/1/division/6/division/16",
      "kind": "division",
      "number": "16",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-6/division-16",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/6"
    },
    {
      "path": "annex/II/part/1/division/6/division/17",
      "kind": "division",
      "number": "17",
      "heading": "The VEV is given by:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-6/division-17",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/6"
    },
    {
      "path": "annex/II/part/1/division/6/division/18",
      "kind": "division",
      "number": "18",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-6/division-18",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/6"
    },
    {
      "path": "annex/II/part/1/division/6/division/19",
      "kind": "division",
      "number": "19",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-6/division-19",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/6"
    },
    {
      "path": "annex/II/part/1/division/6/division/20",
      "kind": "division",
      "number": "20",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-6/division-20",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/6"
    },
    {
      "path": "annex/II/part/1/division/6/division/21",
      "kind": "division",
      "number": "21",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-6/division-21",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/6"
    },
    {
      "path": "annex/II/part/1/division/6/division/22",
      "kind": "division",
      "number": "22",
      "heading": "For each simulation of a spot price (or level), the PRIIP manufacturer shall:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-6/division-22",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/6"
    },
    {
      "path": "annex/II/part/1/division/6/division/23",
      "kind": "division",
      "number": "23",
      "heading": "For curves, a principal component analysis (PCA) shall be performed to ensure that the simulation of the movements of each point on the curve over a long period results in a consistent curve.",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-6/division-23",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/6"
    },
    {
      "path": "annex/II/part/1/division/6/division/24",
      "kind": "division",
      "number": "24",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-6/division-24",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/6"
    },
    {
      "path": "annex/II/part/1/division/7",
      "kind": "division",
      "number": null,
      "heading": "MRM class determination for Category 4 PRIIPs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1"
    },
    {
      "path": "annex/II/part/1/division/7/division/25",
      "kind": "division",
      "number": "25",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-7/division-25",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/7"
    },
    {
      "path": "annex/II/part/1/division/7/division/26",
      "kind": "division",
      "number": "26",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-7/division-26",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/7"
    },
    {
      "path": "annex/II/part/1/division/7/division/27",
      "kind": "division",
      "number": "27",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-7/division-27",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/7"
    },
    {
      "path": "annex/II/part/1/division/7/division/28",
      "kind": "division",
      "number": "28",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-7/division-28",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/7"
    },
    {
      "path": "annex/II/part/1/division/7/division/29",
      "kind": "division",
      "number": "29",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-1/division-7/division-29",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/1/division/7"
    },
    {
      "path": "annex/II/part/2",
      "kind": "division",
      "number": "PART 2",
      "heading": "Methodology for assessing credit risk",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II"
    },
    {
      "path": "annex/II/part/2/division/I",
      "kind": "division",
      "number": "I",
      "heading": "GENERAL REQUIREMENTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2"
    },
    {
      "path": "annex/II/part/2/division/I/division/30",
      "kind": "division",
      "number": "30",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-I/division-30",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/I"
    },
    {
      "path": "annex/II/part/2/division/I/division/31",
      "kind": "division",
      "number": "31",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-I/division-31",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/I"
    },
    {
      "path": "annex/II/part/2/division/I/division/32",
      "kind": "division",
      "number": "32",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-I/division-32",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/I"
    },
    {
      "path": "annex/II/part/2/division/I/division/33",
      "kind": "division",
      "number": "33",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-I/division-33",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/I"
    },
    {
      "path": "annex/II/part/2/division/I/division/34",
      "kind": "division",
      "number": "34",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-I/division-34",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/I"
    },
    {
      "path": "annex/II/part/2/division/I/division/35",
      "kind": "division",
      "number": "35",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-I/division-35",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/I"
    },
    {
      "path": "annex/II/part/2/division/I/division/36",
      "kind": "division",
      "number": "36",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-I/division-36",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/I"
    },
    {
      "path": "annex/II/part/2/division/II",
      "kind": "division",
      "number": "II",
      "heading": "CREDIT RISK ASSESSMENT",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2"
    },
    {
      "path": "annex/II/part/2/division/II/division/1",
      "kind": "division",
      "number": null,
      "heading": "Credit assessment of obligors",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/II"
    },
    {
      "path": "annex/II/part/2/division/II/division/1/division/37",
      "kind": "division",
      "number": "37",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-II/division-1/division-37",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/II/division/1"
    },
    {
      "path": "annex/II/part/2/division/II/division/1/division/38",
      "kind": "division",
      "number": "38",
      "heading": "The level of credit risk of the PRIIP and each relevant obligor shall be assessed on the basis of, as applicable:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-II/division-1/division-38",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/II/division/1"
    },
    {
      "path": "annex/II/part/2/division/II/division/2",
      "kind": "division",
      "number": null,
      "heading": "Allocation of credit assessments to credit quality steps",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/II"
    },
    {
      "path": "annex/II/part/2/division/II/division/2/division/39",
      "kind": "division",
      "number": "39",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-II/division-2/division-39",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/II/division/2"
    },
    {
      "path": "annex/II/part/2/division/II/division/2/division/40",
      "kind": "division",
      "number": "40",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-II/division-2/division-40",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/II/division/2"
    },
    {
      "path": "annex/II/part/2/division/II/division/2/division/41",
      "kind": "division",
      "number": "41",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-II/division-2/division-41",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/II/division/2"
    },
    {
      "path": "annex/II/part/2/division/II/division/2/division/42",
      "kind": "division",
      "number": "42",
      "heading": "The credit quality step pursuant to point 38 of this Annex shall be adjusted to the maturity or recommended holding period of the PRIIP, according to the following table, except where a credit assessment has been assigned that reflects that maturity or recommended holding period):",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-II/division-2/division-42",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/II/division/2"
    },
    {
      "path": "annex/II/part/2/division/II/division/2/division/43",
      "kind": "division",
      "number": "43",
      "heading": "If the obligor has no external credit assessments, the default credit assessment as referred to in point 38 of this Annex shall be:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-II/division-2/division-43",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/II/division/2"
    },
    {
      "path": "annex/II/part/2/division/III",
      "kind": "division",
      "number": "III",
      "heading": "CREDIT RISK MEASURE",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2"
    },
    {
      "path": "annex/II/part/2/division/III/division/44",
      "kind": "division",
      "number": "44",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-III/division-44",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/III"
    },
    {
      "path": "annex/II/part/2/division/III/division/45",
      "kind": "division",
      "number": "45",
      "heading": "Table on the mapping of credit quality steps into a CRM:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-III/division-45",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/III"
    },
    {
      "path": "annex/II/part/2/division/III/division/46",
      "kind": "division",
      "number": "46",
      "heading": "The CRM may be assigned as 1 where the assets of a PRIIP or appropriate collateral, or assets backing the payment obligation of the PRIIP, are:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-III/division-46",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/III"
    },
    {
      "path": "annex/II/part/2/division/III/division/47",
      "kind": "division",
      "number": "47",
      "heading": "The CRM may be assigned as 2 where the assets of a PRIIP or appropriate collateral, or assets backing the payment obligation of the PRIIP, are:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-III/division-47",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/III"
    },
    {
      "path": "annex/II/part/2/division/III/division/48",
      "kind": "division",
      "number": "48",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-III/division-48",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/III"
    },
    {
      "path": "annex/II/part/2/division/III/division/49",
      "kind": "division",
      "number": "49",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-III/division-49",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/III"
    },
    {
      "path": "annex/II/part/2/division/III/division/50",
      "kind": "division",
      "number": "50",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-III/division-50",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/III"
    },
    {
      "path": "annex/II/part/2/division/III/division/51",
      "kind": "division",
      "number": "51",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-2/division-III/division-51",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/2/division/III"
    },
    {
      "path": "annex/II/part/3",
      "kind": "division",
      "number": "PART 3",
      "heading": "Aggregation of market and credit risk into the summary risk indicator",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II"
    },
    {
      "path": "annex/II/part/3/division/52",
      "kind": "division",
      "number": "52",
      "heading": "The overall summary risk indicator (SRI) is assigned according to the combination of the CRM and the MRM classes, in accordance with the following table:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-3/division-52",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/3"
    },
    {
      "path": "annex/II/part/3/division/2",
      "kind": "division",
      "number": null,
      "heading": "Monitoring data with relevance for the summary risk indicator",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/3"
    },
    {
      "path": "annex/II/part/3/division/2/division/53",
      "kind": "division",
      "number": "53",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-3/division-2/division-53",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/3/division/2"
    },
    {
      "path": "annex/II/part/3/division/2/division/54",
      "kind": "division",
      "number": "54",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-3/division-2/division-54",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/3/division/2"
    },
    {
      "path": "annex/II/part/3/division/2/division/55",
      "kind": "division",
      "number": "55",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-3/division-2/division-55",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/3/division/2"
    },
    {
      "path": "annex/II/part/4",
      "kind": "division",
      "number": "PART 4",
      "heading": "Liquidity risk",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II"
    },
    {
      "path": "annex/II/part/4/division/56",
      "kind": "division",
      "number": "56",
      "heading": "A PRIIP shall be considered as having a materially relevant liquidity risk where either of the following criteria are fulfilled:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-4/division-56",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/4"
    },
    {
      "path": "annex/II/part/4/division/57",
      "kind": "division",
      "number": "57",
      "heading": "A PRIIP shall be considered illiquid, whether contractually or not, if either of the following criteria are fulfilled:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-4/division-57",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/4"
    },
    {
      "path": "annex/II/part/4/division/58",
      "kind": "division",
      "number": "58",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-II/part-4/division-58",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/II/part/4"
    },
    {
      "path": "annex/III",
      "kind": "annex",
      "number": "III",
      "heading": "PRESENTATION OF SRI",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "annex/III/division/1",
      "kind": "division",
      "number": null,
      "heading": "Presentation format",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III"
    },
    {
      "path": "annex/III/division/1/division/1",
      "kind": "division",
      "number": "1",
      "heading": "PRIIP manufacturers shall use the format below for the presentation of the SRI in the key information document. The relevant number shall be highlighted as shown depending on the SRI for the PRIIP.",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-III/division-1/division-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III/division/1"
    },
    {
      "path": "annex/III/division/2",
      "kind": "division",
      "number": null,
      "heading": "Completion guidance with regard to the SRI",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III"
    },
    {
      "path": "annex/III/division/2/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-III/division-2/division-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III/division/2"
    },
    {
      "path": "annex/III/division/2/division/3",
      "kind": "division",
      "number": "3",
      "heading": "Immediately below the SRI, the time frame of the recommended holding period shall be indicated. In addition, a warning shall be included directly below the SRI in the following cases:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-III/division-2/division-3",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III/division/2"
    },
    {
      "path": "annex/III/division/2/division/4",
      "kind": "division",
      "number": "4",
      "heading": "As applicable for each PRIIP, the narrative explanation shall include:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-III/division-2/division-4",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III/division/2"
    },
    {
      "path": "annex/III/division/2/division/5",
      "kind": "division",
      "number": "5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-III/division-2/division-5",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III/division/2"
    },
    {
      "path": "annex/III/division/2/division/6",
      "kind": "division",
      "number": "6",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-III/division-2/division-6",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III/division/2"
    },
    {
      "path": "annex/III/division/3",
      "kind": "division",
      "number": null,
      "heading": "Narrative explanations",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III"
    },
    {
      "path": "annex/III/division/3/division/7",
      "kind": "division",
      "number": "7",
      "heading": "For the purposes of the SRI presentation, including point 4 of this Annex, the following narrative explanations shall be used, as appropriate:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-III/division-3/division-7",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/III/division/3"
    },
    {
      "path": "annex/IV",
      "kind": "annex",
      "number": "IV",
      "heading": "PERFORMANCE SCENARIOS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "annex/IV/division/1",
      "kind": "division",
      "number": null,
      "heading": "Number of scenarios",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV"
    },
    {
      "path": "annex/IV/division/1/division/1",
      "kind": "division",
      "number": "1",
      "heading": "The four performance scenarios under this Regulation which shall show a range of possible returns, shall be the following:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-1/division-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/1"
    },
    {
      "path": "annex/IV/division/1/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-1/division-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/1"
    },
    {
      "path": "annex/IV/division/1/division/3",
      "kind": "division",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-1/division-3",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/1"
    },
    {
      "path": "annex/IV/division/2",
      "kind": "division",
      "number": null,
      "heading": "Calculation of scenario values for the recommended holding period",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV"
    },
    {
      "path": "annex/IV/division/2/division/4",
      "kind": "division",
      "number": "4",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-4",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/5",
      "kind": "division",
      "number": "5",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-5",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/6",
      "kind": "division",
      "number": "6",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-6",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/7",
      "kind": "division",
      "number": "7",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-7",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/8",
      "kind": "division",
      "number": "8",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-8",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/9",
      "kind": "division",
      "number": "9",
      "heading": "For Category 2 PRIIPs, the expected values at the end of the recommended holding period shall be:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-9",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/10",
      "kind": "division",
      "number": "10",
      "heading": "For Category 2 PRIIPs, the calculation of the stress scenario has the following steps:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-10",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/11",
      "kind": "division",
      "number": "11",
      "heading": "For Category 2 PRIIPs, the expected values at the end of the recommended holding period for the stress scenario shall be:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-11",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/12",
      "kind": "division",
      "number": "12",
      "heading": "For Category 3 PRIIPs, the following adjustments shall be made to the calculation of favourable, moderate and unfavourable performance scenarios:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-12",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/13",
      "kind": "division",
      "number": "13",
      "heading": "For Category 3 PRIIPs, the following adjustments shall be made for the calculation of the stress scenario:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-13",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/14",
      "kind": "division",
      "number": "14",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-14",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/15",
      "kind": "division",
      "number": "15",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-15",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/16",
      "kind": "division",
      "number": "16",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-16",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/17",
      "kind": "division",
      "number": "17",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-17",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/2/division/18",
      "kind": "division",
      "number": "18",
      "heading": "For Category 1 PRIIPs as defined in point 4(c) of Annex II a reasonable and conservative best estimate of the expected values for the performance scenarios set out in point 1(a) to (c) of this Annex at the end of the recommended holding period shall be provided.",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-2/division-18",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/2"
    },
    {
      "path": "annex/IV/division/3",
      "kind": "division",
      "number": null,
      "heading": "Calculation of expected values for intermediate holding periods",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV"
    },
    {
      "path": "annex/IV/division/3/division/19",
      "kind": "division",
      "number": "19",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-19",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/20",
      "kind": "division",
      "number": "20",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-20",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/21",
      "kind": "division",
      "number": "21",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-21",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/22",
      "kind": "division",
      "number": "22",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-22",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/23",
      "kind": "division",
      "number": "23",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-23",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/24",
      "kind": "division",
      "number": "24",
      "heading": "For Category 3 PRIIPs, to produce the favourable, moderate, unfavourable and stress scenarios at an intermediate period before the end of the recommended holding period, the manufacturer shall pick three underlying simulations as referred to in points 16 to 24 of Annex II used for the calculation of the MRM and one underlying simulation as referred to in point 13 of this Annex, on the basis of underlying levels only and in such a manner that the simulated value of the PRIIPs for that intermediate period is likely to be consistent with the relevant scenario.",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-24",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/25",
      "kind": "division",
      "number": "25",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-25",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/26",
      "kind": "division",
      "number": "26",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-26",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/27",
      "kind": "division",
      "number": "27",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-27",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/28",
      "kind": "division",
      "number": "28",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-28",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/29",
      "kind": "division",
      "number": "29",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-29",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/3/division/30",
      "kind": "division",
      "number": "30",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-3/division-30",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/3"
    },
    {
      "path": "annex/IV/division/4",
      "kind": "division",
      "number": null,
      "heading": "General requirements",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV"
    },
    {
      "path": "annex/IV/division/4/division/31",
      "kind": "division",
      "number": "31",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-4/division-31",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/4"
    },
    {
      "path": "annex/IV/division/4/division/32",
      "kind": "division",
      "number": "32",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-4/division-32",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/4"
    },
    {
      "path": "annex/IV/division/4/division/33",
      "kind": "division",
      "number": "33",
      "heading": "Performance shall also be presented in percentage terms, as the average annual return of the investment. That figure shall be calculated considering net performance as numerator and the initial investment amount or the price paid as denominator.",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-4/division-33",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/4"
    },
    {
      "path": "annex/IV/division/4/division/34",
      "kind": "division",
      "number": "34",
      "heading": "For an insurance based investment product, the following shall apply in addition to the methods referred above including under point 15 when calculating the performance scenarios in respect of the investment:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-IV/division-4/division-34",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/IV/division/4"
    },
    {
      "path": "annex/V",
      "kind": "annex",
      "number": "V",
      "heading": "METHODOLOGY FOR THE PRESENTATION OF PERFORMANCE SCENARIOS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "annex/V/part/1",
      "kind": "division",
      "number": "PART 1",
      "heading": "General presentation specifications",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/V"
    },
    {
      "path": "annex/V/part/1/division/1",
      "kind": "division",
      "number": "1",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-V/part-1/division-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/V/part/1"
    },
    {
      "path": "annex/V/part/1/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-V/part-1/division-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/V/part/1"
    },
    {
      "path": "annex/V/part/1/division/3",
      "kind": "division",
      "number": "3",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-V/part-1/division-3",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/V/part/1"
    },
    {
      "path": "annex/V/part/2",
      "kind": "division",
      "number": "PART 2",
      "heading": "Presentation of performance scenarios",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-V/part-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/V"
    },
    {
      "path": "annex/VI",
      "kind": "annex",
      "number": "VI",
      "heading": "METHODOLOGY FOR THE CALCULATION OF COSTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": null
    },
    {
      "path": "annex/VI/part/1",
      "kind": "division",
      "number": "PART 1",
      "heading": "List of costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI"
    },
    {
      "path": "annex/VI/part/1/division/I",
      "kind": "division",
      "number": "I",
      "heading": "LIST OF COSTS OF INVESTMENTS FUNDS (AIFs AND UCITS)",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1",
      "kind": "division",
      "number": null,
      "heading": "Costs to be disclosed",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1/division/1",
      "kind": "division",
      "number": null,
      "heading": "One-off costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1/division/1/division/1",
      "kind": "division",
      "number": "1",
      "heading": "A one-off cost is an entry or exit cost which is either:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-1/division-1/division-1",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/1/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1/division/1/division/2",
      "kind": "division",
      "number": "2",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-1/division-1/division-2",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/1/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1/division/1/division/3",
      "kind": "division",
      "number": "3",
      "heading": "One-off costs include, but are not limited to, the following types of up-front initial costs that shall be taken into account in the cost amount to be disclosed in the key information document:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-1/division-1/division-3",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/1/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1/division/2",
      "kind": "division",
      "number": null,
      "heading": "Recurring Costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1/division/2/division/4",
      "kind": "division",
      "number": "4",
      "heading": "Recurring costs are payments deducted from the assets of an AIF or UCITS, and represent the following:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-1/division-2/division-4",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/1/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1/division/2/division/5",
      "kind": "division",
      "number": "5",
      "heading": "Recurring costs include, but are not limited to, the following types of costs that are deducted from the assets of the AIF or UCITS, and shall be taken into account in the cost amount to be disclosed in the key information document:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-1/division-2/division-5",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/1/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1/division/3",
      "kind": "division",
      "number": null,
      "heading": "Incidental costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/1/division/3/division/6",
      "kind": "division",
      "number": "6",
      "heading": "The following types of incidental costs shall be taken into account in the amount to be disclosed:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-1/division-3/division-6",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/1/division/3"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2",
      "kind": "division",
      "number": null,
      "heading": "Calculation of specific types of costs of investments funds",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/1",
      "kind": "division",
      "number": null,
      "heading": "Transaction costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/1/division/7",
      "kind": "division",
      "number": "7",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-1/division-7",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/1/division/8",
      "kind": "division",
      "number": "8",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-1/division-8",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/1/division/9",
      "kind": "division",
      "number": "9",
      "heading": "When calculating the transaction costs incurred by the PRIIP over the previous three years, actual transaction costs must be calculated using the methodology described in points 12 to 18 of this Annex for investments in the following instruments:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-1/division-9",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/1/division/10",
      "kind": "division",
      "number": "10",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-1/division-10",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/2",
      "kind": "division",
      "number": null,
      "heading": "Treatment of anti-dilution mechanisms",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/2/division/11",
      "kind": "division",
      "number": "11",
      "heading": "Where a PRIIP has a pricing mechanism that offsets the impact of dilution from transactions in the PRIIP itself, the amount of benefit accruing to the ongoing holders of the PRIIP from anti-dilution mechanisms may be deducted from the transaction costs incurred within the PRIIP using the following methodology:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-2/division-11",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/3",
      "kind": "division",
      "number": null,
      "heading": "Actual transaction costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/3/division/12",
      "kind": "division",
      "number": "12",
      "heading": "The actual transaction costs for each transaction shall be calculated on the following basis:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-3/division-12",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/3"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/3/division/13",
      "kind": "division",
      "number": "13",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-3/division-13",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/3"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/3/division/14",
      "kind": "division",
      "number": "14",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-3/division-14",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/3"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/3/division/15",
      "kind": "division",
      "number": "15",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-3/division-15",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/3"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/3/division/16",
      "kind": "division",
      "number": "16",
      "heading": "Costs associated with transactions undertaken by PRIIPs and concerning financial instruments that fall within one of the categories referred to in items 4 to 10 of Section C of Annex I to Directive 2014/65/EU shall be calculated in the following way:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-3/division-16",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/3"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/3/division/17",
      "kind": "division",
      "number": "17",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-3/division-17",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/3"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/3/division/18",
      "kind": "division",
      "number": "18",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-3/division-18",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/3"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/4",
      "kind": "division",
      "number": null,
      "heading": "Transaction costs for other assets",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/4/division/19",
      "kind": "division",
      "number": "19",
      "heading": "When estimating transaction costs for assets other than assets as referred to in point 9 of this Annex, the methodology in point 12 of this Annex shall be used and the arrival price shall be calculated as follows:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-4/division-19",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/4"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/4/division/20",
      "kind": "division",
      "number": "20",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-4/division-20",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/4"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/5",
      "kind": "division",
      "number": null,
      "heading": "Transaction costs for new PRIIPs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/5/division/21",
      "kind": "division",
      "number": "21",
      "heading": "For PRIIPs that have been operating for less than 3 years and that invest predominantly in assets as referred to in point 9 of this Annex, transaction costs may be calculated either by multiplying an estimate of portfolio turnover in each asset class with the costs calculated according to the methodology referred to in point (c), or as an average of the actual transaction costs incurred during the period of operation and a standardised estimate on the following basis:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-5/division-21",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/5"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/5/division/22",
      "kind": "division",
      "number": "22",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-5/division-22",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/5"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/5/division/23",
      "kind": "division",
      "number": "23",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-5/division-23",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/5"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/6",
      "kind": "division",
      "number": null,
      "heading": "Performance related fees",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/6/division/24",
      "kind": "division",
      "number": "24",
      "heading": "To calculate performance related fees, the following steps shall be taken:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-6/division-24",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/6"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/7",
      "kind": "division",
      "number": null,
      "heading": "Carried interests",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/7/division/25",
      "kind": "division",
      "number": "25",
      "heading": "To calculate carried interests, the following steps shall be taken:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-7/division-25",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/7"
    },
    {
      "path": "annex/VI/part/1/division/I/division/2/division/7/division/26",
      "kind": "division",
      "number": "26",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-I/division-2/division-7/division-26",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/I/division/2/division/7"
    },
    {
      "path": "annex/VI/part/1/division/II",
      "kind": "division",
      "number": "II",
      "heading": "LIST OF COSTS OF PRIPS OTHER THAN INVESTMENT FUNDS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1",
      "kind": "division",
      "number": null,
      "heading": "Costs to be disclosed",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/1",
      "kind": "division",
      "number": null,
      "heading": "One-off costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/1/division/27",
      "kind": "division",
      "number": "27",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-1/division-27",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/1"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/1/division/28",
      "kind": "division",
      "number": "28",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-1/division-28",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/1"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/2",
      "kind": "division",
      "number": null,
      "heading": "One-off entry costs and charges",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/2/division/29",
      "kind": "division",
      "number": "29",
      "heading": "One-off entry costs and charges include, but are not limited to, the following types that shall be taken into account in the cost amount to be disclosed for PRIPs other than investment funds:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-2/division-29",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/2"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/3",
      "kind": "division",
      "number": null,
      "heading": "One-off exit costs and charges",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/3/division/30",
      "kind": "division",
      "number": "30",
      "heading": "One-off exit costs and charges include, but are not limited to, the following types that shall be taken into account in the amount to be disclosed for PRIPs other than investment funds:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-3/division-30",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/3"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/4",
      "kind": "division",
      "number": null,
      "heading": "Recurring Costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/4/division/31",
      "kind": "division",
      "number": "31",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-4/division-31",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/4"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/4/division/32",
      "kind": "division",
      "number": "32",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-4/division-32",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/4"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/4/division/33",
      "kind": "division",
      "number": "33",
      "heading": "The following list is indicative but not exhaustive of the types of recurring charge that, where they are deducted or charged separately, shall be taken into account in the amount to be disclosed:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-4/division-33",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/4"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/5",
      "kind": "division",
      "number": null,
      "heading": "Costs of PRIPs referred to in point 17 of Annex IV",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/5/division/34",
      "kind": "division",
      "number": "34",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-5/division-34",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/5"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/5/division/35",
      "kind": "division",
      "number": "35",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-5/division-35",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/5"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6",
      "kind": "division",
      "number": null,
      "heading": "Calculation of implicit costs of PRIPs other than investment funds",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/36",
      "kind": "division",
      "number": "36",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-36",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/37",
      "kind": "division",
      "number": "37",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-37",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/38",
      "kind": "division",
      "number": "38",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-38",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/39",
      "kind": "division",
      "number": "39",
      "heading": "The fair value policy that governs the measurement of the fair value shall set a series of rules including in the following areas:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-39",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/40",
      "kind": "division",
      "number": "40",
      "heading": "The rules referred to in point 39 of this Annex shall aim at outlining a valuation process that:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-40",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/41",
      "kind": "division",
      "number": "41",
      "heading": "The fair value of a structured product shall be determined on the basis of:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-41",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/42",
      "kind": "division",
      "number": "42",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-42",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/43",
      "kind": "division",
      "number": "43",
      "heading": "The valuation technique referred to in point 42 of this Annex shall consider the following according to the complexity of the product:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-43",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/44",
      "kind": "division",
      "number": "44",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-44",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/45",
      "kind": "division",
      "number": "45",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-45",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/II/division/1/division/6/division/46",
      "kind": "division",
      "number": "46",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-II/division-1/division-6/division-46",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/II/division/1/division/6"
    },
    {
      "path": "annex/VI/part/1/division/III",
      "kind": "division",
      "number": "III",
      "heading": "LIST OF COSTS OF INSURANCE-BASED INVESTMENT PRODUCTS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1",
      "kind": "division",
      "number": null,
      "heading": "Costs to be disclosed",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1/division/1",
      "kind": "division",
      "number": null,
      "heading": "One-off costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1/division/1/division/47",
      "kind": "division",
      "number": "47",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-1/division-1/division-47",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/1/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1/division/1/division/48",
      "kind": "division",
      "number": "48",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-1/division-1/division-48",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/1/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1/division/1/division/49",
      "kind": "division",
      "number": "49",
      "heading": "One-off costs include, but are not limited to, the following types of entry costs and charges that shall be taken into account in the amount to be disclosed for insurance-based investment products:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-1/division-1/division-49",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/1/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1/division/2",
      "kind": "division",
      "number": null,
      "heading": "Recurring costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1/division/2/division/50",
      "kind": "division",
      "number": "50",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-1/division-2/division-50",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/1/division/2"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1/division/2/division/51",
      "kind": "division",
      "number": "51",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-1/division-2/division-51",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/1/division/2"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1/division/2/division/52",
      "kind": "division",
      "number": "52",
      "heading": "The following list is indicative but not exhaustive of the types of recurring charge that shall be taken into account in the amount of the ‘Other ongoing costs’ in table 2 of Annex VII:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-1/division-2/division-52",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/1/division/2"
    },
    {
      "path": "annex/VI/part/1/division/III/division/1/division/2/division/53",
      "kind": "division",
      "number": "53",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-1/division-2/division-53",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/1/division/2"
    },
    {
      "path": "annex/VI/part/1/division/III/division/2",
      "kind": "division",
      "number": null,
      "heading": "Cost disclosure of the biometric risk premium of insurance based investment products",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III"
    },
    {
      "path": "annex/VI/part/1/division/III/division/2/division/1",
      "kind": "division",
      "number": null,
      "heading": "Costs part of biometric risk premiums",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/2"
    },
    {
      "path": "annex/VI/part/1/division/III/division/2/division/1/division/54",
      "kind": "division",
      "number": "54",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-2/division-1/division-54",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/2/division/1/division/55",
      "kind": "division",
      "number": "55",
      "heading": "The fair value of biometric risk premiums is the expected present value, according to the interest rates referred to in point 71(a) of this Annex, of the future benefit payments from insurance coverage taking into account the following:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-2/division-1/division-55",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/2/division/1/division/56",
      "kind": "division",
      "number": "56",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-2/division-1/division-56",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/2/division/1/division/57",
      "kind": "division",
      "number": "57",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-2/division-1/division-57",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/2/division/1/division/58",
      "kind": "division",
      "number": "58",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-2/division-1/division-58",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/2/division/1/division/59",
      "kind": "division",
      "number": "59",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-2/division-1/division-59",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/2/division/1"
    },
    {
      "path": "annex/VI/part/1/division/III/division/2/division/1/division/60",
      "kind": "division",
      "number": "60",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-1/division-III/division-2/division-1/division-60",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/1/division/III/division/2/division/1"
    },
    {
      "path": "annex/VI/part/2",
      "kind": "division",
      "number": "PART 2",
      "heading": "Summary cost indicators and compound effect of the costs",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI"
    },
    {
      "path": "annex/VI/part/2/division/I",
      "kind": "division",
      "number": "I",
      "heading": "SUMMARY COST INDICATORS",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2"
    },
    {
      "path": "annex/VI/part/2/division/I/division/61",
      "kind": "division",
      "number": "61",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-61",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I"
    },
    {
      "path": "annex/VI/part/2/division/I/division/62",
      "kind": "division",
      "number": "62",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-62",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I"
    },
    {
      "path": "annex/VI/part/2/division/I/division/3",
      "kind": "division",
      "number": null,
      "heading": "One-off costs and one-off costs ratios",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I"
    },
    {
      "path": "annex/VI/part/2/division/I/division/3/division/63",
      "kind": "division",
      "number": "63",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-3/division-63",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/3"
    },
    {
      "path": "annex/VI/part/2/division/I/division/3/division/64",
      "kind": "division",
      "number": "64",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-3/division-64",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/3"
    },
    {
      "path": "annex/VI/part/2/division/I/division/4",
      "kind": "division",
      "number": null,
      "heading": "Recurring costs, portfolio transaction costs and insurance costs/other recurring costs ratios",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I"
    },
    {
      "path": "annex/VI/part/2/division/I/division/4/division/65",
      "kind": "division",
      "number": "65",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-4/division-65",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/4"
    },
    {
      "path": "annex/VI/part/2/division/I/division/4/division/66",
      "kind": "division",
      "number": "66",
      "heading": "For the calculation of the portfolio transaction costs ratio and the insurance costs ratio the following shall apply:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-4/division-66",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/4"
    },
    {
      "path": "annex/VI/part/2/division/I/division/4/division/67",
      "kind": "division",
      "number": "67",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-4/division-67",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/4"
    },
    {
      "path": "annex/VI/part/2/division/I/division/5",
      "kind": "division",
      "number": null,
      "heading": "Incidental costs and incidental costs ratios (performance fees and carried interests ratio)",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I"
    },
    {
      "path": "annex/VI/part/2/division/I/division/5/division/68",
      "kind": "division",
      "number": "68",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-5/division-68",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/5"
    },
    {
      "path": "annex/VI/part/2/division/I/division/5/division/69",
      "kind": "division",
      "number": "69",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-5/division-69",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/5"
    },
    {
      "path": "annex/VI/part/2/division/I/division/6",
      "kind": "division",
      "number": null,
      "heading": "Calculation of summary cost indicator",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I"
    },
    {
      "path": "annex/VI/part/2/division/I/division/6/division/70",
      "kind": "division",
      "number": "70",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-6/division-70",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/6"
    },
    {
      "path": "annex/VI/part/2/division/I/division/6/division/71",
      "kind": "division",
      "number": "71",
      "heading": "The estimation of future benefit payments under point 70 of this Annex shall be based on the following assumptions:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-6/division-71",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/6"
    },
    {
      "path": "annex/VI/part/2/division/I/division/6/division/72",
      "kind": "division",
      "number": "72",
      "heading": "For the purpose of the calculation of the cost free scenario as referred to in point 70 of this Annex the following shall apply:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-6/division-72",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/6"
    },
    {
      "path": "annex/VI/part/2/division/I/division/7",
      "kind": "division",
      "number": null,
      "heading": "Specific requirements for PRIPs other than investment funds",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I"
    },
    {
      "path": "annex/VI/part/2/division/I/division/7/division/73",
      "kind": "division",
      "number": "73",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-7/division-73",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/7"
    },
    {
      "path": "annex/VI/part/2/division/I/division/8",
      "kind": "division",
      "number": null,
      "heading": "Specific requirements for insurance-based investment products",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I"
    },
    {
      "path": "annex/VI/part/2/division/I/division/8/division/74",
      "kind": "division",
      "number": "74",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-8/division-74",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/8"
    },
    {
      "path": "annex/VI/part/2/division/I/division/8/division/75",
      "kind": "division",
      "number": "75",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-8/division-75",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/8"
    },
    {
      "path": "annex/VI/part/2/division/I/division/8/division/76",
      "kind": "division",
      "number": "76",
      "heading": "For profit participation for insurance based investment products the following shall apply:",
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-8/division-76",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/8"
    },
    {
      "path": "annex/VI/part/2/division/I/division/9",
      "kind": "division",
      "number": null,
      "heading": "Calculation of ratios",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I"
    },
    {
      "path": "annex/VI/part/2/division/I/division/9/division/1",
      "kind": "division",
      "number": null,
      "heading": "Anti-double counting principle",
      "url": null,
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/9"
    },
    {
      "path": "annex/VI/part/2/division/I/division/9/division/1/division/77",
      "kind": "division",
      "number": "77",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-1/division-77",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
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    {
      "path": "annex/VI/part/2/division/I/division/9/division/2/division/78",
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      "number": "78",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-2/division-78",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/9/division/2"
    },
    {
      "path": "annex/VI/part/2/division/I/division/9/division/2/division/79",
      "kind": "division",
      "number": "79",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-2/division-79",
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      "parent": "annex/VI/part/2/division/I/division/9/division/2"
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      "path": "annex/VI/part/2/division/I/division/9/division/2/division/80",
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      "number": "82",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-2/division-82",
      "extent": "E+W+S+N.I.",
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    {
      "path": "annex/VI/part/2/division/I/division/9/division/2/division/83",
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      "number": "83",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-2/division-83",
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      "path": "annex/VI/part/2/division/I/division/9/division/2/division/84",
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      "url": null,
      "extent": "E+W+S+N.I.",
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      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-3/division-85",
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      "parent": "annex/VI/part/2/division/I/division/9/division/3"
    },
    {
      "path": "annex/VI/part/2/division/I/division/9/division/3/division/86",
      "kind": "division",
      "number": "86",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-3/division-86",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/9/division/3"
    },
    {
      "path": "annex/VI/part/2/division/I/division/9/division/3/division/87",
      "kind": "division",
      "number": "87",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-3/division-87",
      "extent": "E+W+S+N.I.",
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    },
    {
      "path": "annex/VI/part/2/division/I/division/9/division/3/division/88",
      "kind": "division",
      "number": "88",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-3/division-88",
      "extent": "E+W+S+N.I.",
      "status": "repealed",
      "parent": "annex/VI/part/2/division/I/division/9/division/3"
    },
    {
      "path": "annex/VI/part/2/division/I/division/9/division/3/division/89",
      "kind": "division",
      "number": "89",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-I/division-9/division-3/division-89",
      "extent": "E+W+S+N.I.",
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    },
    {
      "path": "annex/VI/part/2/division/II",
      "kind": "division",
      "number": "II",
      "heading": "COMPOUND EFFECT OF THE COSTS",
      "url": null,
      "extent": "E+W+S+N.I.",
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    },
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      "kind": "division",
      "number": null,
      "heading": "Common requirements to all types of PRIIPs",
      "url": null,
      "extent": "E+W+S+N.I.",
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      "parent": "annex/VI/part/2/division/II"
    },
    {
      "path": "annex/VI/part/2/division/II/division/1/division/90",
      "kind": "division",
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      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-II/division-1/division-90",
      "extent": "E+W+S+N.I.",
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      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-II/division-1/division-91",
      "extent": "E+W+S+N.I.",
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    {
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      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-II/division-1/division-92",
      "extent": "E+W+S+N.I.",
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    },
    {
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      "number": "93",
      "heading": null,
      "url": "https://openlegislation.uk/eu-regulation-2017-653/annex-VI/part-2/division-II/division-1/division-93",
      "extent": "E+W+S+N.I.",
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      "heading": null,
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      "heading": "Cost over time",
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      "extent": "E+W+S+N.I.",
      "status": "repealed",
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